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February 26, 2010
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Estate Planning News

 

 

New members to the Committee on Professional Standards.

Presiding Justice Anthony V. Cardona of the Supreme Court, Appellate Division, Third Judicial Department, recently announced the appointment of three new members to the Third Department’s Committee on Professional Standards.

The Committee consists of twenty-one members, all of whom serve without compensation, and is charged with the investigation of alleged professional misconduct by attorneys who practice in the twenty-eight upstate counties which constitute the Third Department.

The three new members, who were each appointed to a three-year term expiring in March 2009, are:

Joseph M. Curtin, of Saratoga Springs - Mr. Curtin is a graduate of St. Michael’s College and received a Masters of Education degree from the University of Vermont. He was previously a Vice President and Acting President of The Sage Colleges and is currently the President of the Independent College Fund of New York, Inc., in Albany.

Leonard A. Govern, of Walton - Mr. Govern, a long-time resident of Delaware County, is the President and CEO of The Reporter Company Printers and Publishers, Inc. which is headquartered in Walton.

Edgar G. Purcell, Jr., Esq., of Glens Falls - Mr. Purcell is a graduate of St. Lawrence University and Georgetown University Law School. He practiced for many years as a partner in the Plattsburgh law firm of Stafford & Purcell.

The Presiding Justice also announced the re-appointment of Committee members Vincent Capasso, Jr., Esq., of Schenectady, Thomas C. Emerson, Esq., of Norwich, and Joan Tailleur, Esq., of West Coxsackie.

Finally, the Presiding Justice announced the appointment of Joseph M. Brennan, Esq., of Albany, as Chairperson of the Committee, for a one-year term, effective April 1, 2006. Hon. Philip S. Caponera, of Colonie, was appointed Vice Chairperson of the Committee, also for a one-year term, effective April 1, 2006.

 

Contact our Cleveland estate planning attorney now.

 
Did You Know?    
 
 
A "Family Limited Partnership" can be used to own and manage your property
In a similar manner to a Trust, but allowing additional tax planning techniques to be employed. Family Limited Partnerships are typically used for those who have large estates and thus have a need for specialized estate planning in order to minimize federal and state estate/death/inheritance taxes as well as provide elements of asset protection.

 


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Estate Planning Terms

 


Today's Terms

Tenancy-in-Common

Definition:
A form of ownership of property in which two or more persons share ownership (may be equal or unequal shares). At the death of a tenant-in-common, his/her share in the property transfers to his/her heirs, rather than to the other surviving owner(s). Compare with Joint Tenancy.

Transfer Tax

Definition:
The combined Federal Estate and Gift tax. A single exemption credit applies whether the property was transferred during a person's lifetime (gift tax) or is held by a person at the time of his/her death (estate tax).

Domicile

Definition:
A person's permanent legal residence. While a person may have more than one residence, he or she can have only one domicile. Typically, the domicile is the same place you use for purposes of voter registration.

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Estate Planning Resources

 


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Estate Planning Hot Topics

 
Topics Related to Estate Planning:

  • Trusts
  • Wills
  • Uniform Probate Code
  • Gift Tax

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Cleveland Estate-Planning Attorney

 
If you live in the following cities and need an Estate-Planning attorney you should contact our Estate-Planning Attorney as soon as possible:

  • Alliance
  • Ashtabula
  • Barberton
  • Beachwood
  • Bowling Green
  • Brunswick
  • Canton
  • Chillicothe
  • Cincinnati
  • Cleveland
  • Columbus
  • Dayton
  • Delaware
  • Dublin
  • Eastlake
  • Elyria
  • Fairborn
  • Fairfield
  • Findlay
  • Grove City
  • Hamilton
  • Hilliard
  • Kent
  • Lakewood
  • Lancaster
  • Loveland
  • Marion
  • Mason
  • Massillon
  • Medina
  • Mentor
  • Middletown
  • Newark
  • Painesville
  • Reynoldsburg
  • Sandusky
  • Stow
  • Toledo
  • West Chester
  • Westerville
  • Wooster
  • Xenia
  • Youngstown
  • Zanesville
 


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